Spotlight

Indian equity markets are expected to trade on a steady note, with improving global sentiment and sustained institutional buying likely to extend the recent recovery.
Investor confidence has been bolstered by signs of easing geopolitical tensions after U.S. President Donald Trump said negotiations with Iran remain underway, describing the current round of talks as the "last chance" to secure a deal. The comments have helped temper fears of a broader regional escalation, while WTI crude oil has stabilized near the $80-per-barrel mark after retreating sharply from its recent highs.

Institutional flows continue to provide a supportive backdrop for domestic equities. Steady buying by Foreign Portfolio Investors (FPIs), alongside sustained inflows from Domestic Institutional Investors (DIIs), has reinforced the market's constructive undertone, with investors now looking for fresh catalysts from global developments and domestic macroeconomic cues.

Investor focus this week will primarily remain on the Reserve Bank of India's Monetary Policy Committee (MPC) meeting, which is expected to be the key domestic catalyst. Market participants will closely watch the RBI's stance on interest rates, inflation outlook, and growth commentary, as these could significantly influence banking stocks, bond yields, and overall market direction.
 
Meanwhile, the Q1 FY27 earnings season gathers further momentum with several large-cap companies scheduled to announce their quarterly results, including Bharti Airtel, ONGC, Power Grid Corporation, Trent, Hindalco Industries, State Bank of India, and Titan Company. Management commentary on demand trends, margins, and future outlook will remain closely monitored and is likely to drive stock-specific action throughout the week.

Asian markets opened on a steady note but are trading marginally lower, with the Nikkei 225 down over 0.5% and the Kospi slipping more than 1%, reflecting mild profit booking after the recent rally. 

Technical view

Nifty 50

Nifty 50 continues to trade on a positive note, now comfortably positioned above all its key exponential moving averages, the 20, 50, 100, and 200-day EMAs reinforcing the strength of the prevailing uptrend. Technically, a sustained move above the 24,600 zone could strengthen bullish momentum further and pave the way for an advance toward the 24,800–25,000 region.
 
On the downside, the 24,500 level is expected to serve as the immediate support, followed by the 24,400–24,300 zone. Holding above these levels will be crucial to preserve the prevailing bullish structure, while a break below 24,300 could trigger short-term profit-booking pressure. Overall, the near-term technical outlook remains positive.

Bank Nifty

Bank Nifty is building on its recovery, continuing to trade comfortably above its 20, 50, 100, and 200-day EMAs, a reflection of sustained underlying strength across the banking space. Technically, a sustained move above the 58,000 zone could accelerate buying momentum and drive the index toward the 58,300–58,500 region.
 
On the downside, 57,300–57,400 stands as the near-term cushion, backed by the 57,000 round-number level just below it. Keeping the index above this stretch is what sustains the current bullish narrative, while a break below 57,000 could trigger short-term corrective profit-booking. Overall, the near-term technical outlook remains positive.